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DIXON TECHNOLOGIES Plunges 4%; BSE CONSUMER DURABLES Index Down 0.4%
Mon, 2 Sep 10:12

DIXON TECHNOLOGIES Plunges 4%; BSE CONSUMER DURABLES Index Down 0.4%Image source: Ivcandy/www.istockphoto.com

DIXON TECHNOLOGIES share price has plunged 4% and is presently trading at Rs 12,637.3.

Meanwhile, the BSE CONSUMER DURABLES index is at 63,353.6 (down 0.4%).

Among the top losers in the BSE CONSUMER DURABLES index today are Blue Star (down 1.4%) and WHIRLPOOL OF INDIA (down 1.4%).

VAIBHAV GEMS (up 1.4%) and Voltas (up 1.4%) are among the top gainers today.

Over the last one year, DIXON TECHNOLOGIES has moved up from Rs 4,913.2 to Rs 12,637.3, registering a gain of Rs 7,724.2 (up 157.2%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 43,963.1 to 63,353.6, registering a gain of 44.1% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 157.2%), Blue Star (up 128.7%) and Voltas (up 108.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,548.9 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finserv (up 1.9%) and ITC (up 1.8%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,299.4 (up 0.3%). Bajaj Finserv and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,075.8 to 82,548.9, registering a gain of 17,473.1 points (up 26.9%).

DIXON TECHNOLOGIES Financial Update...

DIXON TECHNOLOGIES net profit grew 106.1% YoY to Rs 1,323 million for the quarter ended June 2024, compared to a profit of Rs 642 million a year ago. Net sales rose 101.1% to Rs 65,798 million during the period as against Rs 32,715 million in April-June 2023.

For the year ended March 2023, DIXON TECHNOLOGIES reported 34.0% increase in net profit to Rs 2,551 million compared to net profit of Rs 1,903 million during FY22. Revenue of the company grew 14.0% to Rs 121,920 million during FY23.

The current Price to earnings ratio of DIXON TECHNOLOGIES, based on rolling 12 month earnings, stands at 174.7.


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